In today’s briefing:
- Thai Life Insurance IPO: Valuation Insights
Thai Life Insurance IPO: Valuation Insights
- Thai Life Insurance (TLI TB) will open its book for a US$1 billion raise from 29 June to 14 July. The IPO price has been set at THB16.00 per share.
- We previously discussed the IPO in Thai Life Insurance IPO: The Bull Case and Thai Life Insurance IPO: The Bear Case.
- Peer analysis suggests that Thai Life should trade at a modest premium to Bangkok Life but at a material discount to AIA. Consequently, the IPO valuation is full.
Before it’s here, it’s on Smartkarma
